Tuesday, December 04, 2007

Sprint Spins Round and Round

Sprint cans its CEO. Integration with Nextel is still a mess. Revenues are down. Sprint forgot that it owns a fiber optic network. It's WiMax deal with Clearwire is called off.

Sprint rejected bail-outs from SK telecom (owners of Helio) and a private equity firm, according to Fierce. (That's a $5B investment - much needed for its WiMax build out.)

Om back in June suggested that Sprint would spin-off its WiMax project (XOHM). Fierce and InfoWeek also had stories. The stories are back (mixed with rumors of Google buying Sprint. That's wishful bankers hoping someone bites so they can make $100's of millions in fees.)